The point I am making is you are fooling yourself if you think PMGOLD is anything but a trading device or you just never bothered to read the PDS.
So comparing PMGOLD to other trading devices on the price of gold, there is absolutely no competition between an ASX listed complex derivative like PMGOLD vs GC on the COMEX. Just compare spreads, commissions, execution transparency, options, etc. Don't forget the nice fees Perth Mint charge to "house" your unallocated gold
when you compare GC futures roll yield (which can largely be mitigated by anyone with a spreadsheet to do roll optimal allocation on the curve).
There are allocated digital plonkers with a good PDS, like PHYS on the NYSE run by the nutjobs at Sprott. I don't really favour ASX:GOLD all things considered but at least it's actually allocated gold. Which should be obvious is the only thing that matters if you are buying gold for the not-dumb reasons to buy gold.
My personal preference is for the majority of the allocation to be in physical unencumbered gold in a safety deposit box with insurance, at scale the cost is marginally less than PHYS and one can use the box to hold other stuff like documents, backups, etc. I started buying some PHYS during lockdowns when I couldn't go anywhere and kept it around (<5% of total allocation) as it has proven useful for liquidity when rebalancing the overall portfolio.